Korea Housing Finance Corporation Freezes December Bogeumjari Loan Interest Rates
Minimum Annual Interest Rate of 2.95% to 3.25% by Maturity with Preferential Rate Applied
Korea Housing Finance Corporation (HF, President Kim Kyung-hwan) will keep the interest rates for the long-term, fixed-rate, installment repayment mortgage loan product ‘Bogeumjari Loan’ unchanged in December.
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Accordingly, the ‘Akkim e-Bogeumjari Loan’ will have rates ranging from 3.95% per annum (10 years) to 4.25% per annum (50 years). Additionally, low-income youth, newlywed households, socially disadvantaged groups (such as persons with disabilities and single-parent families), and victims of jeonse fraud may receive additional preferential interest rates (up to 1.0 percentage point), resulting in minimum rates of 2.95% per annum (10 years) to 3.25% per annum (50 years).
This content was produced with the assistance of AI translation services.
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